Mower County transcript. [volume] (Lansing, Minn.) 1868-1915, 1887-01-14
JUST WHAT >.'NE MEET. !
A BIJILDINd ASSOCIATION
FORMED 49,, CAPITAL I. l. = =
5@+,E -" d$5pO,OQO. S5, - ;.}4
At i Least LOO Houses will b.
4* Built BY this Assoc citation
$@sE" Next Spring. A, A. s5
ALL tbs New Land taken into the
n City, will Soon be Built 4 s.. IL,
NJ ~ Up by their Aid. !. js4 81

I: 11Rnt = ltU0y> tuCAc WAS AN OIEal&ANs'UAA
formed in this city, under the name Of
the Austin Savings and Building Associ- !.
alton, which wtllro more forAustin, and
;thepeople o. Austin. .sthan many organiza-
ten ever formed in the.city. I. = !. =Ea
Wherever such, an Association has been
tried, 1t has proven, totbe OF the greatest
usefulness to the place. 1t will certainly
proves 80 here. = %s>>,-.. j! : .555 &55
The Association is formed under the
most. favorable circumstances. .. There
will be many applications for loans and
for shares. It5is organized with &sufi
cient capital to toaccommodate all who may
apply for loans. The capital stock Of the
Association il $500, 600, the shares are
500. .% ~ ~. @S,GS....~ zs@.s2, .sr::
The gentlemen met for organizatio at
the Office Of Mayor French MI. French
was elected Chairman and +. a. Day
Secretary pro tenn. Articles Of incorpor-.
ation were submitted. adopted, apd
sigaed by the members. The following
gentlemen were elected oficers: Q. ".
Shaw, Press; G.: II. Davidson, Vice Pres; !;
S. l.. Howell, Secretary; g. II. Coats:
Treas; L. French, Attorney; o. w.
Shaw, c. H. Davidson and g. Fl. Coats:
Directors for one year; A.. Knox, D. H
Stimson and L, Dettelbach, Directors for
two years; ". e, Richards son, G. Schleu-,
der and L. D. Baird, Directors for three.
years. 1t can be seen, by the officers
elected, that this Organization is strong
one: These men have not formed this
organization for speculation, but solely:
for. the beneit of the city. Whatever
they will gain by it will be On indirect
gain, which will be shared IN by every
one. II will help build up the city. and
every property owner will receive the
benefit. This Association will. begin
work just SO soon as they. are incorporS
ted, Applications for loans have already
been received, which indicates that peo-ss
pie realize che opportunity which the as
$soc,ation offers for securing homes,
Anyone who can pay rent can have q
house Of: his own by paying. the amount
Of his rent, every month to the Assecia
ton. When Che plan OF. the Association
is made clear to man, he cannot fail to
see the advantages which it offers.
The officers of the Association need no.
recommendation to the people of Austin.
Mr.. Shaw, the President, is the President
of the First National Bank; Mr., David
SON, the Vice President, is the President
of the. Bank of Austin; Mr.. French the
Attorney, is the Mayor of the city, any,
his services will'be OF great value to the
Association; Mr.. Howell. the Secretary.
is member of the law firm of Richard.
con, Day & Co.. and has had experience
in Associations of this charcter, and is
we'll 'ftted=to do the large share Of the
work which is necessarily his; Mr.. Coats.
the Treasurer.is 8 contractor and builder,
whose experience. VIII be helpful. We
expect 10 see this Associatmn 10 aErand
work in Austin.